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KGL opens new container terminal

KGL opens new container terminal

Kuwait: KGL Ports International has opened a new 300,000teu container terminal at Saqr Port in Ras Al Khaimah. The new terminal, to be officially inaugurated in March, is the first phase of a $250m five-year plan to increase port capacity to 3,000,000teu and was built at a cost of $70m. The port which currently boasts a 12 mtr basin depth, is expected to ship approximately 150,000 containers in the month following its inauguration. KGL has signed a 21-year concession agreement with the Ras al Khaimah Government to design, develop build, equip and operate Saqr Port.  [19/01/07]